Böcker av Per-Olov (Stockholm School of Economics) Johansson

This is the first book to present a comprehensive survey of the techniques for evaluating changes in health. The author examines all the money measures that are used in such evaluations and defines their properties in both a certain and a risky world. He asks the important question of whether we are willing to pay the costs for our health care system.

Provides a summary of recent theoretical and empirical developments and summarizes state-of-the-art stated-preference and revealed-preference valuation methods. Discusses how to assess the impact of small and large projects on prices and other economic variables. A novel feature is the flexible evaluation rules for reasonably small projects.

Written by two leading experts, this is a compact guide to the key tools and methods necessary to carry out cost-benefit analysis (CBA). The authors use modern economic tools to obtain general equilibrium cost-benefit rules that can be used to evaluate small projects, as well as large and even mega projects. Intertemporal issues like discounting, the shadow price of capital, and the treatment of risk are covered, and a state-of-the-art summary of available methods for the valuation of unpriced commodities is also included. In addition, the book provides detailed expositions of the marginal cost of public goods (MCPF), the marginal excess burden of taxes (MEB), and second-best evaluation rules, and shows how these concepts are interrelated. The importance of undertaking due diligence in evaluations is highlighted. This is an excellent toolkit for graduate students learning about the principles of CBA, and is a useful guide for government officials and policymakers.

This book is an advanced text in applied welfare economics and its application to environmental economics. The author goes far beyond the existing literature, deriving sets of rules which can be used to assess the social benefits and costs of private and public sector projects which affect the environment.

This book in welfare economics covers concepts such as Pareto optimality in a market economy, the compensation criterion and the social welfare function.